A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026. — ReutersThe US military said it would block shipping traffic in and out of Iran’s ports starting at 10am ET on Monday, a move that would prevent roughly two million…
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SBP defies market expectations with 50bps rate cut
An undated image of the State Bank of Pakistan building in Karachi. — AFPRate cut despite inflation pressures, external considerations.Market experts had expected central bank to hold policy rate.This is the first interest rate cut since May 5, 2025.
The State Bank of…
Banks to remain closed for public dealing on January 1
An undated picture of the State Bank of Pakistan’s building. — AFP/File
The State Bank of Pakistan on Tuesday announced a bank holiday across the country on January 1, 2026.
In a statement, the central bank said that all banks and financial institutions will remain closed for…
PSX gains on US-Iran deal hopes, lower oil prices
An investor monitors a digital board showing share prices at the Pakistan Stock Exchange in Karachi on March 9, 2026. — OnlineKSE-100 Index closed at 172,399.90, up 2,696.30 points, or 1.59%.Index hit intraday high of 173,093.45, gaining 3,389.85 points, or 2%.Index recorded a low of…